A Third Of Maine Student Loan Borrowers Could Have Their Debt Eliminated Under Plan Floated By Biden

Jody Harris, the associate director of the left-leaning Maine Center for Economic Policy, said that cancelling debt could be particularly important for borrowers facing financial distress, who may be at risk of defaulting on their loans. She said those borrowers tend to be students who may never have finished college, but took some classes and left school with $5,000 or $10,000 in debt.

“Proposals like this, to cancel the first $10,000 of education debt, makes a lot of sense,” Harris said. “It really is going to be helping those borrowers who struggle the most.”

Click here to read the full story, first published January 20, 2021, in Maine Public.